Valvoline Inc (VVV)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 710,600 | 936,700 | 1,087,100 | 2,458,100 | 1,701,400 | 1,621,100 | 1,051,000 | 1,016,000 | 1,001,000 | 1,037,100 | 1,016,000 | 968,000 | 1,214,000 | 1,438,000 | 1,379,000 | 1,384,000 | 794,000 | 797,000 | 801,000 | 733,000 |
| Total current liabilities | US$ in thousands | 317,400 | 362,300 | 405,900 | 621,600 | 924,400 | 919,400 | 641,000 | 585,000 | 541,000 | 568,700 | 507,000 | 448,000 | 506,000 | 444,000 | 432,000 | 401,000 | 421,000 | 423,000 | 412,000 | 390,000 |
| Current ratio | 2.24 | 2.59 | 2.68 | 3.95 | 1.84 | 1.76 | 1.64 | 1.74 | 1.85 | 1.82 | 2.00 | 2.16 | 2.40 | 3.24 | 3.19 | 3.45 | 1.89 | 1.88 | 1.94 | 1.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $710,600K ÷ $317,400K
= 2.24
The current ratio of Valvoline Inc has shown some fluctuations over the past eight quarters. In Q1 2024, the current ratio was 2.24, lower than the previous quarter Q4 2023 which was 2.59. The current ratio has generally been above 1, indicating the company's ability to cover its short-term obligations with its current assets.
The highest current ratio was observed in Q2 2023 at 3.95, indicating a strong ability to cover short-term liabilities with current assets during that period. Conversely, the lowest current ratio was observed in Q4 2022 at 1.64, indicating a relatively weaker liquidity position at that point in time.
Overall, the current ratio of Valvoline Inc has shown variability, but generally points to a healthy liquidity position over the past eight quarters. It's essential for the company to monitor and manage its current assets and liabilities to maintain a strong current ratio and ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023